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The NY Times is at it again with a long hit piece on the American economy and the dollar. Virtually every claim they make is factually wrong. I've got a couple numbers for you. Maybe the most important error in the NY Times piece was their failure to cite that 89% of foreign exchange trades are dollar based. Now if that isn't King Dollar, I don't know what it. And the principal stable coins are dollar denominated. And foreign investors have bought around $263 billion of treasuries over the past year, and these yields have gone up mostly because a strong economy is raising real interest rates.
With Kellyanne Conway, John Carney, Chrisina Skinner, Marc Thiessen, Byron York, and Brent Sadler.
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